DSnews.com reports that foreclosure inventory is higher than historical norms at 2.2 million loans for the end of March, 2011. New foreclosures numbered 270,681 in March, which is up over 30% from February. While these numbers increased, the number of delinquencies has decreased by 11%. Loans in foreclosure are delinquent well over a year, on average.
For the full text of the article, see the DSnews website: http://www.dsnews.com/
Statements herein are provided for information purposes only and do not represent the advice of an attorney nor establish an attorney client relationship.
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